Marinas in the US - Industry Market Research Report

Marinas in the US - Industry Market Research Report

  • June 2020 •
  • 36 pages •
  • Report ID: 304957 •
  • Format: PDF
Safe harbor: Boat repair and maintenance will likely continue to lift sales

Abstract

Marinas in the US
Over the past five years, the Marinas industry has been sailing along with increased revenue growth and rising profit. Consumer conditions have boosted demand for boat storage as the number of boat owners has increased as a result of rising disposable income and the growing number of households earning over $100,000. Although not all boat owners are affluent, consumers with more funds available for large expenses are more likely to have a recreational boat and purchase the services provided by marinas. Marinas will seek to raise revenue through the addition of full-service restaurants and bars, equipment rental services and other merchandise sales. Boat repair and maintenance will continue to lift sales as the number of boat owners increases, according to the 2017 National Boating Statistics report published by the US Coast Guard.

Marinas provide docking and storage for pleasure craft owners. Marinas may also sell fuel and marine supplies and provide services such as repairing or renting boats. Many operators in this industry offer sailing instruction in addition to recreational boat rental. Marinas do not handle large passenger ships or cargo from freighters.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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